Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

Fed's Yellen Heard Across Asia -- Barron's Asia

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Thomas Streater It was the word that echoed across Asia: patient. Twitchy Asian markets, which have braced for a much anticipated change in the Federal Reserve's language on the outlook for monetary policy, were relieved when the U.S. central ...

China November Home Prices Fall at Slower Pace -- Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling a decline in home prices hasn't run its course. On a month-over-month basis, average home prices fell at a slower pace, ...

Swiss Central Bank Introduces Negative Interest Rates

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--Switzerland's central bank said Thursday it will introduce negative interest rates, a move designed to curb demand for the Swiss franc. Beginning Jan. 22, 2015, the Swiss National Bank will charge banks 0.25% to deposit overnight funds ...

Ruble Weakens After Putin's Comments on Geopolitics

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

MOSCOW--The ruble weakened rapidly on Thursday after President Vladimir Putin used defiant language in talking about geopolitical issues. The ruble hit 63.86 against the dollar at 0947 GMT, weakening from around 60.8 at 0933 GMT before Mr. Putin blamed the ...

German Business More Bullish as Euro Weakens

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

German business confidence improved for the second consecutive month, a key indicator showed Thursday, as the eurozone's largest economy benefits from lower oil prices and a weaker euro. The Munich-based Ifo institute's lead indicator rose to 105.5 in December from ...

Swiss Central Bank Introduces Negative Interest Rates -- 3rd Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas and Andrew Morse ZURICH--Switzerland's central bank Thursday said it would introduce negative interest rates to cool the strength of the Swiss franc, a move that comes as central banks across Europe scramble to protect their economies from ...

Nigeria's Central Bank Restricts Currency Trading

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Nigeria's Central Bank has unleashed new foreign exchange controls to stop its currency from falling beyond a record low, as tumbling crude prices help spur a wave of strikes crippling Africa's top economy. In an announcement late Wednesday, the bank's ...

Xaviel Niel to Buy Orange Switzerland -- 2nd Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Ruth Bender PARIS--French telecom tycoon Xavier Niel has agreed to buy Orange Switzerland from Apax Partners in a deal worth EUR2.3 billion ($2.8 billion), as one of France's best-known entrepreneurs continues to expand his telecom assets across Europe. Apax ...

U.S. Consumer Price Index--Historical -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Jun 05 194.5 0.1 2.5 : 200.6 0.0 2.0 : 0.1 : -0.1 May 05 194.4 -0.2 2.8 : 200.8 0.1 2.2 : -3.2 : 0.2 Apr 05 194.6 0.4 3.5 : 200.9 0.1 2.2 : 2.4 : 0.7 Mar ...

EU Toughens Sanctions on Crimea-Based Companies

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

BRUSSELS--The European Union toughened its trade, investment and business sanctions on Crimea-based companies on Thursday, introducing a range of new measures from a ban on EU cruise ships visiting local ports to a ban on sales of energy and telecommunications ...

Philadelphia Fed December Business Index Slows to 24.5

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Kathleen Madigan After reporting November business conditions were the best in more than two decades, Mid-Atlantic manufacturers curbed their enthusiasm about the economic environment this month. The Federal Reserve Bank of Philadelphia said Thursday that its index of general ...

Lower Oil, Euro to Boost French Economy

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

PARIS--French economic growth will pick up slightly in the first half of 2015, as collapsing oil prices and a weaker euro amplify the impact of President François Hollande's tax cuts, national statistics agency Insee said Thursday. In its first forecasts ...

Obama Signs New Russia Sanctions Into Law

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

WASHINGTON-President Barack Obama on Thursday signed a new package of Russia sanctions into law but won't put them in place, he said in a written statement. "Signing this legislation does not signal a change in the administration's sanctions policy, which ...

U.K. Car Production Slips in November

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

European Stocks Rally, Swiss Franc Falls

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Europe rallied Thursday, following U.S. markets higher, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates. The Stoxx Europe 600 index was 1.3% higher in ...